Latin America Smart Healthcare Market Size & Outlook
Latin America smart healthcare market, 2018-2030 (US$M)
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Latin America smart healthcare market highlights
- The Latin America smart healthcare market generated a revenue of USD 8,981.5 million in 2023.
- The market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, telemedicine was the largest revenue generating product in 2023.
- RFID Kanban Systems is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 8,981.5 million |
| Market revenue in 2030 | USD 21,647.3 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Telemedicine |
| Fastest growing segment | RFID Kanban Systems |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RFID Kanban Systems, RFID Smart Cabinets, Electronic Health Records (EHR), Telemedicine, MHealth, Smart Pills, Smart Syringes |
| Key market players worldwide | Airstrip Technologies, Allscripts Healthcare, Apple Inc, AT&T, Brooks Automation, Oracle Corp, Cisco Systems Inc, GE HealthCare Technologies Inc Common Stock, Covidien, International Business Machines Corp, McKesson Corp, Olympus Corp, Samsung Electronics Co Ltd, Siemens Healthineers AG ADR, Solstice Medical, TwinBin, LogiTag, Pepperl+Fuchs, InnerSpace, Wurth Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global smart healthcare market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 108,269.0 million by 2030.
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Smart Healthcare Market Scope
Smart Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America smart healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart healthcare market will help companies and investors design strategic landscapes.
Telemedicine was the largest segment with a revenue share of 42.33% in 2024. Horizon Databook has segmented the Latin America smart healthcare market based on rfid kanban systems, rfid smart cabinets, electronic health records (ehr), telemedicine, mhealth, smart pills, smart syringes covering the revenue growth of each sub-segment from 2018 to 2030.
Growing incidence of chronic diseases is likely to drive the adoption of smart monitoring services. According to the Population Reference Bureau, it is estimated that by 2030, 81% of total deaths in Latin America and the Caribbean will be caused by four major noncommunicable diseases, namely cancer, cardiovascular disease, diabetes, and chronic respiratory disease.
Rising popularity of mobile apps in Latin America is expected to drive the demand for mHealth technologies in the region. Growing demand for apps that help manage/track diabetes, blood pressure, and ECG is expected to drive market growth.
In Peru, mHealth services focus on training healthcare professionals. In Mexico, they aim to connect doctors and patients by offering diagnosis & monitoring services.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart healthcare market size, by country, 2018-2030 (US$M)
Latin America Smart Healthcare Market Outlook Share, 2024 & 2030 (US$M)
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